Baldwin Insurance Group (NASDAQ:BWIN) Insider James Morgan Roche Sells 80,000 Shares of Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00. Following the completion of the sale, the insider owned 42,113 shares in the company, valued at approximately $1,011,975.39. This represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Morgan Roche also recently made the following trade(s):

• On Friday, December 12th, James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00.
• On Thursday, December 11th, James Morgan Roche sold 60,000 shares of Baldwin Insurance Group stock. The shares were sold at an average price of $23.34, for a total transaction of $1,400,400.00.
• On Friday, December 5th, James Morgan Roche sold 15,000 shares of Baldwin Insurance Group stock. The stock was sold at an average price of $25.08, for a total transaction of $376,200.00.

Baldwin Insurance Group Stock Down 1.7%

Baldwin Insurance Group stock opened at $23.67 on Tuesday. Baldwin Insurance Group, Inc. has a 52 week low of $21.26 and a 52 week high of $47.15. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -55.05, a PEG ratio of 1.13 and a beta of 1.35. The company’s 50-day moving average price is $25.59 and its two-hundred day moving average price is $32.15. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The business had revenue of $365.39 million during the quarter, compared to analysts’ expectations of $364.14 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BWIN. JPMorgan Chase & Co. cut their price objective on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. BMO Capital Markets reduced their price objective on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, December 4th. UBS Group dropped their target price on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Baldwin Insurance Group presently has an average rating of “Hold” and a consensus target price of $36.57.

Institutional Trading of Baldwin Insurance Group

Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after acquiring an additional 419 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Baldwin Insurance Group by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after purchasing an additional 470 shares during the period. PNC Financial Services Group Inc. grew its position in Baldwin Insurance Group by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after purchasing an additional 504 shares in the last quarter. Cetera Trust Company N.A raised its stake in Baldwin Insurance Group by 10.1% during the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after purchasing an additional 555 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Baldwin Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock valued at $2,650,000 after purchasing an additional 555 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

About Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.